General Motors Canada

General Motors of Canada Company

Type	Privately-owned subsidiary
Industry	Automotive
Founded	1918
Headquarters	Oshawa, Ontario, Canada
Key people	Stephen K. Carlisle (President)
Products	Automobiles Engines
Revenue	$31.675 billion (FY,2007)
Number of employees	10,000
Parent	General Motors
Website	www.gm.ca

General Motors of Canada Company (French: la Compagnie General Motors du Canada), or simply GM Canada, is the Canadian subsidiary of General Motors. It is headquartered at the Canadian Regional Engineering Centre in Oshawa, Ontario, Canada. As 2009, GM Canada received a combined loan commitment of C$3 billion of financial assistance from the federal and provincial governments amid declining sales.

McLaughlin Car Company was founded in 1907 when Samuel McLaughlin and William C. Durant agreed to a contract to produce Buick Model F power trains for 15 years at cost plus. The cars became known as McLaughlin Buicks. In 1908 Durant and McLaughlin started General Motors Holding Company after Durant exchanged $500,000.00 of Buick stock for $500,000.00 of McLaughlin Motor Co. stock. McLaughlin also exchanged his Buick stock for General Motors stock, and in 1910 was invited to be on the board of General Motors in Detroit.

In 1915 McLaughlin acquired the Chevrolet Car Company of Canada, which built Chevrolets in Oshawa with Chevrolet motors and McLaughlin bodies. In 1918 he merged his company with it under the name General Motors of Canada Limited prior to his becoming director and vice president of General Motors on the approval of Durant, who was then president of General Motors and owner of the Chevrolet Motor Co. The Corporation moved people in 1918 after McLaughlin allied his Company with the Corporation unknown to Robert McLaughlin,McLaughlin-Buick:"Canada's Standard Car" virtualmuseum.ca . The McLaughlins were given GM Stocks for the Propriortorship of the Canadian Company and $10,000,000 to build Walkerville and Canadian Products. as September 23, 1933 Financial Post page 9 reported but not ownership.

GM Canada is a private subsidiary that is wholly allied noted by The Canadian Motor, Tractor and Implement Journal 1919 by General Motors, so information such as assets, revenues, and profits are not disclosed. Nonetheless, GM Canada has historically been one of the largest and most powerful corporations in Canada, being listed as the third "largest" in 1975, and being comparable to several publicly traded companies such as BCE, George Weston Limited, and Royal Bank of Canada.